After all, RDF has never been free of litigation over the years anyway. that's just the nature of the sector it operates in. The Chicago one drew the amount of concern probably more because of the % of its revenue than the seriousness of the case.
A couple of good signs lately is the extension of the Chicago contract and the a few wins (according to google news search) in its school bus business.
The resignation of the chairman and non-E director is absolutely concerning, on the other hand.
this half year was expected to be weak to start weak according to their previous guidance, with more earning from their malaysian contract in the second half.
let's brace ourselves for Monday's clarification. Considering how low it's valued at the moment, I would not sell unless I'm convinced the core business strength is significantly weakened.
RDF Price at posting:
$1.68 Sentiment: Hold Disclosure: Held